One of the key factors contributing to this market growth is the
increasing adoption of smartphones and tablets. The Global Camera Module
in Mobile Device market has also been witnessing rapid advancement in
technology. However, the high cost of production could pose a challenge
to the growth of this market.

Commenting on the report, an analyst from the team said: Mergers and
acquisitions, strategic alliances, and partnerships are elements of
corporate strategy that can help an enterprise to sustain growth. They
are carried out to increase market share, gain new domain knowledge,
enter new market, lower operational costs, enhance industry know-how,
improve profitability, and get access to new clients. Merger and
acquisition activities enable companies to further diversify their
product portfolio by introducing new products for various industry
verticals. They also increase the market reach of products, thereby
increasing companies' top line revenues.

According to the report, there are several factors driving the growth of
the Global Camera Module in Mobile Device market. One of the main
reasons is the increasing adoption of smartphones and tablets. With the
continual decline in smartphone prices and improving camera quality, the
demand for mobile camera modules is growing.

Further, the report states that one of the main challenges hindering the
growth of this market is the high cost of production which the
manufacturers incur due to the high cost of the raw materials.